Economic Profit Assignment

W

e

ek

2 Assignment

Assignment G

o

als

To understand

economic profit, marginal return, monopoly, oligopoly, and perfect

competition and

how

all of these

can affect a game

’s

economy

.

You should be able to

take away from this what you need to add or take away from your game economy

in

order for your game to function as your vision sees it.

Directions

1.

Go to

www.myabandonware.com

and download

Oregon Trail

. (You can use

your Mac side for the abadonware. Go to “How to Play” for directions.

)

2.

Playing

Oregon Trail:

You must play the game

through at least 3 complete

times. Each time you start over you will need to change what resources/supplies

you start with. You will also need to vary your decisions throughout the game and

keep a log of those decisions.

Your log should include your starti

ng information

including, but not limited to, your profession choice, supplies, date you leave,

pace, etc.

It does NOT need to include every step you take. Just the starting

information and your pace and major things that happen like death or destruction

o

r good things.

Submit your

log along with the questions.

3.

Answer the questions b

e

low. Answer the questions one by on

e in complete

sentences. Number each question.

You may include the question with your

answer follow.

DO NOT ANSWER IN ESSAY

FORMAT.

4.

Submit your

log and answers to the following questions

in

complete sentences

and in

Word format by 11:59pm

Friday

.

Answer each question and put the

number of the question before your answer. DO NOT ANSWER IN ESSAY

FORMAT.

Example: 1. The game I played was

Oregon Trail.

2. In this game my Economic Profit was…

Questions

1.

What game did you play?

a.

ANSWER GOES HERE

2.

What is your economic profit?

i.

ANSWER GOES HERE

b.

How did you determine this?

i. ANSWER GOES HERE

c. What would you say are your explicit costs and implicit costs? (These answers may not be numeric but more a description of what each one is.)

i. ANSWER GOES HERE

3. In the game do you have variable resources?

i. ANSWER GOES HERE

b. What are they?

i. ANSWER GOES HERE

c. What are your fixed resources?

i. ANSWER GOES HERE

d. If you were the game designer, would you add more of either type of resource?

i. ANSWER GOES HERE

e. Why or why not?

i. ANSWER GOES HERE

f. What effect would it have on the game?

i. ANSWER GOES HERE

4. Explain on increasing marginal return AND one decreasing marginal return that you experienced while playing the game.

i. ANSWER GOES HERE

b. What makes each one increasing or decreasing?

i. ANSWER GOES HERE

c. Do you think this needs to be part of a game economy?

i. ANSWER GOES HERE

d. Why or why not?

i. ANSWER GOES HERE

5. Did you experience economies of scale or diseconomies of scale in your game?

i. ANSWER GOES HERE

b. What were they?

i. ANSWER GOES HERE

c. Why do you think this happened?

i. ANSWER GOES HERE

d. What could have made it be the other side?

i. ANSWER GOES HERE

6. Describe your Market structure. Be sure to include all of the important features talked about in the book and label each.

i. ANSWER GOES HERE

b. How would your market get to the point of perfect competition?

i. ANSWER GOES HERE

7. Is there anything that you would consider a barrier to entry?

i. ANSWER GOES HERE

b. What is it?

i. ANSWER GOES HERE

c. What could be done to make a monopoly in the game?

i. ANSWER GOES HERE

d. As a player, how would this change affect your character?

i. ANSWER GOES HERE

8. Did you experience price discrimination in your game?

i. ANSWER GOES HERE

b. Is there any way for you to force price discrimination?

i. ANSWER GOES HERE

c. Is there a way for other players?

i. ANSWER GOES HERE

d. Is there anything in the game that forced one?

i. ANSWER GOES HERE

9. Does this game allow for monopolistic competition?

i. ANSWER GOES HERE

b. If there is monopolistic competition, what are the elements present?

i. ANSWER GOES HERE

c. If there isn’t monopolistic competition, what elements are needed to make one?

i. ANSWER GOES HERE

10. Is there an oligopoly?

i. ANSWER GOES HERE

b. Why or why not?

i. ANSWER GOES HERE

c. What is present to form one or what is needed for the game to have one?

i. ANSWER GOES HERE

d. What would be the benefit if there was an oligopoly?

i. ANSWER GOES HERE

e. Why would you not want an oligopoly in this game or why would you want one?

i. ANSWER GOES HERE

Note: Naming conventions for an assignment document name is: LastNameFirstName_AssignmentName_YearMonth

For example: KadingerChristina_Week2Assignment_1003

Grading Criteria

Each question 10

Proper Grammar and Spelling 10

This assignment is worth 10% of your final grade

Week 2 Assignment

Assignment Goals

To understand
economic profit, marginal return, monopoly, oligopoly, and perfect
competition and
how
all of these

can affect a game
’s

economy.
You should be able to
take away from this what you need to add or take away from your game economy
in
order for your game to function as your vision sees it.

Directions

1.

Go to
www.myabandonware.com

and download
Oregon Trail
. (You can use
your Mac side for the abadonware. Go to “How to Play” for directions.
)

2.

Playing

Oregon Trail:
You must play the game
through at least 3 complete
times. Each time you start over you will need to change what resources/supplies
you start with. You will also need to vary your decisions throughout the game and
keep a log of those decisions.
Your log should include your starti
ng information
including, but not limited to, your profession choice, supplies, date you leave,
pace, etc.
It does NOT need to include every step you take. Just the starting
information and your pace and major things that happen like death or destruction
o
r good things.
Submit your log along with the questions.

3.

Answer the questions b
e
low. Answer the questions one by on
e in complete
sentences. Number each question.
You may include the question with your
answer follow.
DO NOT ANSWER IN ESSAY FORMAT.

4.

Submit your
log and answers to the following questions

in
complete sentences
and in
Word format by 11:59pm
Friday
.
Answer each question and put the
number of the question before your answer. DO NOT ANSWER IN ESSAY
FORMAT.

Example: 1. The game I played was
Oregon Trail
.

2. In this game my Economic Profit was…

Questions

1.

What game did you play?

a.

ANSWER GOES HERE

2.

What is your economic profit?

i.

ANSWER GOES HERE

b.

How did you determine this?

i.

ANSWER GOES HERE